Once Head & Shoulder Pattern gets activated as explained over the video look for below mentioned targets Activates below 11550 Target - 11300-11325 Target - 11125-11150
Risky Traders Selling below 11850 for targets 11665 11550-11575 & continue with head & shoulder strategy as mentioned above.
Safe Traders Selling below 11800 for targets 11665 11550-11575 & continue with head & shoulder strategy as mentioned above.
交易手动结束
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09:30 Hrs 30th April 2019
Last Price@11705
Fall Started As expected below 11800 - Manage Your Positions Next. Thanks
SO WHAT'S NEXT? NIFTY NEAR THE SUPPORT LINE OF 11312. DO WE SEE AN UPSIDE REVERSAL FROM HERE? DO YOU SUGGEST BUYING FROM HERE AGAIN FOR 11550-11800 LEVELS OR DO WE EXPECT TO SEE MORE DOWNFALL.?
mklives
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so we are heading back to 11550?
WaveTalks
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@mklives, That can be a possibility if it holds below 11800 & hardly 250-300 points -need to correct before we start higher upside.
andibhatt
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So we have to sell at 11850??
WaveTalks
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@andibhatt, Selling close to 11850 with strict stop loss above 4/5 points is for Risky Traders & others you can refer similarly. Thanks
Parasuram
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what happened to the plan E? it can still happen?
WaveTalks
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@Parasuram, Plan "E" was modified & we bought as per last idea - "Journey of 550 Points" Instead of buying above 11700 - which we never got the chance once it started falling from 11850 highs - it slipped to 11715-11730 & suggested no buying below 11700 (- refer plan "B" & plan "E" ) as they are interlinked - so we bought finally at 11565 & before that we even sold at 11645-11650 on expiry day for 100 points puke & turned our position for upside till 11550 was intact. Long positions created at 11565 for Risky Traders & Safe Traders above 11600 -it kissed 11750 & 11796 (we expected 11850) which was back 2 back moves in the ideas combined.
prabakaran62
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Excellent analysis , Educative and well presented...regards